NYSE shifts to continuous trading: Launching on-chain trading platform for tokenized securities

The New York Stock Exchange (NYSE) and its parent company Intercontinental Exchange (ICE) have announced a major transformation in the financial markets. They are developing a blockchain trading system that operates 24/7, supporting tokenized stocks and exchange-traded funds (ETFs). This announcement marks the most significant step as traditional exchanges shift fully towards on-chain market infrastructure.

24/7 Blockchain Trading System

The new platform will integrate NYSE’s existing trading technology with a blockchain-based settlement system. Unlike traditional stock markets that are limited by trading hours, this system enables real-time clearing and settlement at all times.

NYSE Group executives stated, “We have been innovating market operations for over 200 years. Now, with a fully on-chain solution combining trusted market protection and cutting-edge technology, we will lead the industry.” This evolution moves away from the previous delayed settlement cycles, such as T+2 (two business days), towards instant settlement.

Support for multiple blockchain networks is planned, but specific network choices have not yet been disclosed.

Support for Tokenized Stocks and Native Digital Securities

The new platform will support:

• Tokenized versions of existing stocks and ETFs
• Native digital securities issued directly on the blockchain
• Dividends and shareholder voting

ICE aims for significant improvements in capital efficiency and reduction of settlement risks. If global 24/7 access beyond time zone restrictions can be achieved, a wide range of participants—from institutional investors to retail investors—will be able to trade around the clock.

An ICE strategy executive commented, “Supporting tokenized securities is a key milestone in our comprehensive on-chain market infrastructure, covering trading, settlement, custody, and capital formation.”

Collaboration with Major Banks for Instant Settlement

Partnerships with BNY Mellon and Citibank have been confirmed. Both banks will support tokenized deposits, fund transfers, and liquidity management.

Enabling secure fund transfers outside traditional banking hours will resolve one of the biggest bottlenecks in conventional financial infrastructure. Streamlining global fund movements will create an environment where investors worldwide, including in emerging markets, can participate seamlessly.

Regulatory Approval as the Final Hurdle

The platform’s official launch depends on regulatory approval. The timeline has not been disclosed, and ICE has refrained from providing additional details on technology and operations.

The approval conditions set by regulators such as the U.S. Securities and Exchange Commission (SEC) will significantly influence the feasibility of this platform.

Accelerating Tokenization Across the Financial Markets

NYSE’s announcement is a milestone in the broader trend of asset tokenization accelerating worldwide. It is widely recognized as a trend indicating blockchain’s potential to fundamentally transform the financial system.

BlackRock CEO Larry Fink has repeatedly stated, “Tokenization is the next evolution of market infrastructure.” From 2025 to early 2026, several developments are expected:

• Robinhood begins offering tokenized stocks to European users
• Coinbase announces support for tokenized securities trading in early 2026
• Major banks expand tokenized deposit pilot programs
• Asset management firms increase issuance of tokenized funds

If NYSE’s system receives regulatory approval, it will mark a historic turning point where one of the world’s largest stock markets evolves into a fully on-chain, 24/7 trading environment. The fusion of traditional finance and blockchain technology is no longer just a concept but has entered the stage of practical system development.